Sale Shares definition

Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

Sale Shares has the meaning given to it in Clause 2.1;

Sale Shares has the meaning ascribed to it at Recital (A).

Examples of Sale Shares in a sentence

• The Seller has full right, power and authority to sell, transfer, convey and deliver to the Purchaser good and valid title to Sale Shares, in accordance with this Agreement.

• The Sale Shares shall rank pari passu with the other Equity Shares of the Company in respect of the dividends and other entitlements of such Equity Shares.

• Upon Completion, the Purchaser may, without obtaining the prior consent of the Seller, assign (in whole or in part) any of its rights and/or obligations under this Agreement to a transferee of the Sale Shares along with the transfer of such Sale Shares by the Purchaser.

• The aggregate consideration for the sale of the Sale Shares payable to the Seller by the Purchaser in the manner set out in this Agreement shall be INR 10,99,99,899.99 (Indian Rupees ten crore ninety nine lakh ninety nine thousand eight hundred and ninety nine and paise ninety nine only) (“Sale Consideration”) which shall be subject to applicable Tax deductions, if any (“Transaction”).

• Within 5 (Five) Business Days of the Completion Date, the Seller shall cause the Company to provide to the Purchaser a copy of the beneficiary position statement released by the Company’s registrar and share transfer agent reflecting the Purchaser as the owner of the Sale Shares.

More Definitions of Sale Shares

Sale Shares has the meaning set forth in Section 5.3(a).

Sale Shares has the meaning set forth in the Recitals.

Sale Shares means the 8,686,870 Existing Shares to be sold by existing shareholders in the Company, pursuant to the Placing;

Sale Shares shall have the meaning as specified in the Recitals to the Agreement.

Sale Shares means the shares to be bought and sold pursuant to clause 2.1 being all the issued shares in the capital of the Company.

Sale Shares shall have the meaning ascribed to such term in Recital (F) of this Agreement;

Sale Shares means all the equity capital of the Company;